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all of this tax increase is thanks to 21 tax increases contained in obamacare. my guess is the majority doesn't want to take on that group. so number 2 -- that's tax-deferred retirement savings vehicles. it's defined benefit plans and section 401(k)-type plans. to be sure, some hiring-income taxpayers benefit. defined benefit plans tend to dominate in the unionized world. section 401(k)-type plans are more common now. some high-income taxpayers do benefit because they are owners of a business, and we want them to set up and maintain their plans. about 4% of this tax expenditures goes to taxpayers at $1 million or more income. number 3 on the list there, it's the preferential rate for capital gains and dividends. it is true that higher-income taxpayers tend to have more capital gains but a few montes ago, the rate rose 50%. do we want to choke off more savings and investment? number 4 -- that's the deduction for state and local income and real property taxes. "the new york times" editorial page is usually very in tune with the majority. an editorial december 6, 2
all of this tax increase is thanks to 21 tax increases contained in obamacare. my guess is the majority doesn't want to take on that group. so number 2 -- that's tax-deferred retirement savings vehicles. it's defined benefit plans and section 401(k)-type plans. to be sure, some hiring-income taxpayers benefit. defined benefit plans tend to dominate in the unionized world. section 401(k)-type plans are more common now. some high-income taxpayers do benefit because they are owners of a business,...
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Mar 20, 2013
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under this government the tax rates are more competitive and the wealthy pay more tax. that's the right way around. here is an inconvenient truth for the other side. in every year of this parliament, the rich will pay a greater proportion of income tax revenue than any one of the thirty years of the last labour government. and during those years, too many people were allowed to get away with aggressive tax avoidance of abuse, they bogsed they were paying less tax and the member opposite applauded them for it. we stopped that. that's what i call fair. today i'm unveiling one of the largest ever package of avoidance measures presented in a budget, details set out including agreemented with isle to bring in over a billion pounds of unpaid taxes. new rules to stop abuse of corporate tax, and offshore employment. that's another 2 billion pounds. this year we're giving britain the first ever generally abuse rule and we will name and shame promoters of tax avoidance scheme. my message to make a living telling others to avoid the taxes, this government is not going let you get
under this government the tax rates are more competitive and the wealthy pay more tax. that's the right way around. here is an inconvenient truth for the other side. in every year of this parliament, the rich will pay a greater proportion of income tax revenue than any one of the thirty years of the last labour government. and during those years, too many people were allowed to get away with aggressive tax avoidance of abuse, they bogsed they were paying less tax and the member opposite...
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Mar 20, 2013
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you do not pay tax. they have to have lawyers now, accountants and -- >> 9600 jurisdictions that they have to keep track of. and each one had that is a different set of rules and regulations. i hear the argument, it's not a big deal that someone will figure it out with software, it's not about the software, it's about compliance and aud auditing and small businesses spending time on paperwork instead of getting back to work. >> i feel it's a tax grab. what bothers me is you may favor that tax grab. that is my concern. can you dissuede me from that concern? >> i do not like this tax grab. states fund themselves with sales tax. it's the primary way that states generate, revenues for themselves. so we cannot take away the only way they generate revenue. >> some states. >> some, right, but maybe a better way to do it is to collect the tax in the state where the psmall business exist. >> how about that? >> that is what exists now, it's across state lines that we are talking about. >> go ahead. go ahead. pleas
you do not pay tax. they have to have lawyers now, accountants and -- >> 9600 jurisdictions that they have to keep track of. and each one had that is a different set of rules and regulations. i hear the argument, it's not a big deal that someone will figure it out with software, it's not about the software, it's about compliance and aud auditing and small businesses spending time on paperwork instead of getting back to work. >> i feel it's a tax grab. what bothers me is you may...
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Mar 20, 2013
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instead of raising taxes the house republican plan includes pro-growth, comprehensive tax reform, tax reform is critical to increasing u.s. competitiveness abroad as well as attracting business here at home. it will close loopholes and special interest deductions and credits for personal and corporate income taxes and lower the rates for everyone. i am pleased house republicans are the only people in this town with the courage to balance the budget. it's time to return the economy to an engine of growth and job creation and increased opportunities for all hardworking americans. this is what the house republican budget will achieve and this is what americans deserve. i yield back. the chair: the gentlelady yields back the balance of her time. the gentleman from maryland. mr. van hollen: thank you, mr. chairman. the way to save medicare is to bring down costs overall in the health care system, not give seniors a voucher that puts all the risk on the senior which is what the republican approach does. i now yield one minute to the gentleman from california, the distinguished ranking membe
instead of raising taxes the house republican plan includes pro-growth, comprehensive tax reform, tax reform is critical to increasing u.s. competitiveness abroad as well as attracting business here at home. it will close loopholes and special interest deductions and credits for personal and corporate income taxes and lower the rates for everyone. i am pleased house republicans are the only people in this town with the courage to balance the budget. it's time to return the economy to an engine...
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Mar 20, 2013
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not the taxes. no corporate or individual income taxes and a franchise tax that tops out at 1%. the great state of texas is definitely attractive. >> building a business is tough, but i hear building a business in california is next to impossible. see why you should come to texas. cheryl: joining me now is former aide to texas governor, craig casselberry. if the governor's message, is it being effective in texas? >> you know, i think it is. we know our formula here has been for many years. i have been around a long time in this state. i think companies, their employees, families, they like that message. it is working. that is why we lead the company and job creation for the last few years. cheryl: many california companies have left the state of california and got down to texas because the costs of doing business is so much lower. you have that corporate tax, you know, that nugget that really brings people in. if you look at the debt station in each state, california does not control its debt. what is texas doing that california needs to do? >> we have a balanced budget amendmen
not the taxes. no corporate or individual income taxes and a franchise tax that tops out at 1%. the great state of texas is definitely attractive. >> building a business is tough, but i hear building a business in california is next to impossible. see why you should come to texas. cheryl: joining me now is former aide to texas governor, craig casselberry. if the governor's message, is it being effective in texas? >> you know, i think it is. we know our formula here has been for many...
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Mar 20, 2013
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this is just a new tax law. a court ruling that overturned this tax credit in the law, but instead of moving forward now with that new law in place, california state government decides to go back to try to reach the taxes from business owners who had no idea they had this liabilitiy, that is a first problem. the second problem, is this the new trend in state taxes? will we start seeing the cash strapped states pick up on this. and they will weed taxpayers in the fiscal year but from before as well. neil: craig, this is a concern. if others get a cue from this watch out. >> california is a trendsetter. as a small business owner, my other friends who are small business oers we've been hit with 5 to over 100,000-dollars in fourth quarter of last year in retro active tax, that is job, and investment money and a downer on christmas. now a new one that bureaucrats at franchise tax board are making a decision, it is politicians that are out of control, california is worst with highest tax state, the highest sales tax s
this is just a new tax law. a court ruling that overturned this tax credit in the law, but instead of moving forward now with that new law in place, california state government decides to go back to try to reach the taxes from business owners who had no idea they had this liabilitiy, that is a first problem. the second problem, is this the new trend in state taxes? will we start seeing the cash strapped states pick up on this. and they will weed taxpayers in the fiscal year but from before as...
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Mar 20, 2013
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it's a plan for tax reform. it's a plan to open up our energy stores that we have here so we can be energy independent. we have vast amounts of energy reserves we need to tap so we can put people to work, bring down gas prices, stretch paychecks further. we've got to control our spending appetite. we've got to reform programs like medicare so they're solvent. we've got to reform our safety net so it works to get people on their feet. that's what this budget does. in a nutshell, instead of spending $46 trillion over the next 10 years, as we're currently poised to spend, we spend $41 trillion. instead of growing spending 5% a year we grow at 3.4% a year. with all the predictions of doom and gloom and how evil and terrible and horrible or budget is, it increases spending every year by 3.4% a year instead of 5% a year. the difference is we balance the budget. the difference is we let families keep more of their own take-home pay. the difference is we make sure our kids inherit a debt-free future. the difference is w
it's a plan for tax reform. it's a plan to open up our energy stores that we have here so we can be energy independent. we have vast amounts of energy reserves we need to tap so we can put people to work, bring down gas prices, stretch paychecks further. we've got to control our spending appetite. we've got to reform programs like medicare so they're solvent. we've got to reform our safety net so it works to get people on their feet. that's what this budget does. in a nutshell, instead of...
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on money had already been taxes tax on and fourteen percent thirty five percent already been taxed and he's already said his secretary was paid with money that had never been taxed before i think i think his secretaries pay what the profits corporation and that corporation got their money from or that corporation to get that money from investment you're absolutely right from somebody else who had been double taxing people and we got no way that it went to the central issue either you are you trying to tell me that i did it but it's of the central issue of which is that if we did it i'm paying somebody that if i've paid taxes on that money they shouldn't have to pay taxes that really try to tell me no not and not at all then why are you making the argument that romney should only pay fourteen percent income tax because somebody else paid taxes on that money because his income has already been taxed there's no need to tell him i is homes are already being taxed and i believe this isn't rational and candy bars and i say you can't tax that if you want to look at the central issue of minimu
on money had already been taxes tax on and fourteen percent thirty five percent already been taxed and he's already said his secretary was paid with money that had never been taxed before i think i think his secretaries pay what the profits corporation and that corporation got their money from or that corporation to get that money from investment you're absolutely right from somebody else who had been double taxing people and we got no way that it went to the central issue either you are you...
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tax at all. it's progress on the side of people who work hard and want to get on. >> what is the prime minister planning to spend his millionaire's tax on? [cheering and applause] >> honorable lady, when the top rate of tax put up, millionaires paid 7 million pounds less. that's incompetent and inefficient sei she left -- to support. >> the question is asked, when the prime minister is giving -- [inaudible] dr. julian lewis. give him the sas nighting gail had the qirks quashed following the quashing of his military prison sentence last year, does the prime minister agree with me that it would be totally against the public interest and against the sas regimen for him to have to face a fresh trial when others are benefiting from it rightly introduced by the state of defense as a result of the . >> my honorable friend raise answer important point. let me say how strongly i support those of the service. you get a opportunity meet them as prime minister. they are some of the bravest and finest people
tax at all. it's progress on the side of people who work hard and want to get on. >> what is the prime minister planning to spend his millionaire's tax on? [cheering and applause] >> honorable lady, when the top rate of tax put up, millionaires paid 7 million pounds less. that's incompetent and inefficient sei she left -- to support. >> the question is asked, when the prime minister is giving -- [inaudible] dr. julian lewis. give him the sas nighting gail had the qirks quashed...
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taxes every year. nearly 30 million middle income americans would lose their health insurance because of the repeal of the affordable care act and tens of millions of the would lose coverage because of ryan's plan to gut medicaid. we can do better. it would destroy the commitment we made to our nation's seniors, by turning medicare into a voucher program. it would shift the rising cost of health care onto those very american who was already suffered deep financial shocks in the recent fiscal crisis. many of them have lost their homes, lost their health insurance, lost their jobs, lost equity in their homes, lost their savings, and yet we want the ryan -- and yet the ryan budget would break another promise to them. in a profoundly cynical mood the ryan budget would revoke those provisions of the affordable care act that would expand access to care while keeping in place the revenue generated by the act. the ryan budget also guts investments in science. job tructure and all the growth as well as the futu
taxes every year. nearly 30 million middle income americans would lose their health insurance because of the repeal of the affordable care act and tens of millions of the would lose coverage because of ryan's plan to gut medicaid. we can do better. it would destroy the commitment we made to our nation's seniors, by turning medicare into a voucher program. it would shift the rising cost of health care onto those very american who was already suffered deep financial shocks in the recent fiscal...
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we could end the sequester today by adopting cuts but in the tax codes, the tax breaks, the tax credits that are loaded up in the tax code that go mostly to the wealthiest americans. you are talking about getting rid of the tax benefits or loophole? >> that's exactly right. >> give me an example of this. is there enough money there? >> absolutely enough money to over $1.2 trillion over 10 years. we could get it, for example, from the corporate deferral on-shore profit did companies that make their profit did overseas, did he ever their payments, sometimes never pay them, and >> bill: that just encourages people to move their money or jobs offshore? >> it's an incentive. >> why should we be rewarding them for exporting jobs basically? >> what these corporate interests and wealthy americans do is hide spending in give them a check? we would is a no way. in the tax code, nobody is really examining that. >> bill: exact. >> special tax -- well, mortgage interest deductions for second homes. not just a first home. i will tell you, a big one is the fossil fuel subsidy. i am talking about oil a
we could end the sequester today by adopting cuts but in the tax codes, the tax breaks, the tax credits that are loaded up in the tax code that go mostly to the wealthiest americans. you are talking about getting rid of the tax benefits or loophole? >> that's exactly right. >> give me an example of this. is there enough money there? >> absolutely enough money to over $1.2 trillion over 10 years. we could get it, for example, from the corporate deferral on-shore profit did...
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officials the plan was intended to make wealthy foreigners who often use cyprus as a tax haven pay for the bail up but the plan would have forced all separate account holders not just the wealthy to pay for the bank's toure's mistakes not surprisingly citizens of all classes took to the streets demanding that their government reject the e.u. bailout their protests worked eventually forcing tuesday's unanimous no vote in the e.u. i.m.f. proposal but the small mediterranean islands banks are still in danger e.u. and cypriot officials are scrambling. to come up with an alternative an alternative school scheme before banks reopen next tuesday march twenty sixth allen's finance ministry for one as suggested accepting the e.u. bailout on the condition that exempts smaller account holders from the lobby of the european finance ministers like francis pure mosco moscow d.c. have also expressed support for such an exception and at the same time however the cypriot government is also exploring a bailout plan with russia which is not part of the e.u. any agreement with russia would likely include
officials the plan was intended to make wealthy foreigners who often use cyprus as a tax haven pay for the bail up but the plan would have forced all separate account holders not just the wealthy to pay for the bank's toure's mistakes not surprisingly citizens of all classes took to the streets demanding that their government reject the e.u. bailout their protests worked eventually forcing tuesday's unanimous no vote in the e.u. i.m.f. proposal but the small mediterranean islands banks are...
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the tax rate if you go up to more than 100,000 you're opens and tax rates according to the imf calculations 15.7%. remember it's not just russians, it's also businesses in cyprus. they have to make payroll, how are they going to do that if you suddenly impose this levee on them. the only parallels, the ready parallels are extreme circumstances in places like argentina for example when they froze accountants, when they broke the tag against the dollar in the 2000s. >> rose: how is the overall condition in europe, how would you describe it. >> at the moment in europe at the micro economic level we have a two-tiered europe. germany is doing very well and everybody else is struggling along. now things are much better than they used to be when the bond deals of spain and italy were much higher than they are now. because the markets are relatively relax. they trust the european central bank to do as they put it whatever it takes to save the euro. now the risk or the collapse of the euro has receded. that doesn't mean europe isn't in good condition. we are looking at two or more years of recession
the tax rate if you go up to more than 100,000 you're opens and tax rates according to the imf calculations 15.7%. remember it's not just russians, it's also businesses in cyprus. they have to make payroll, how are they going to do that if you suddenly impose this levee on them. the only parallels, the ready parallels are extreme circumstances in places like argentina for example when they froze accountants, when they broke the tag against the dollar in the 2000s. >> rose: how is the...
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around 15,000 and those below 100,000 would go tax free. on top of that, bond holders would have to be bailed in and there's talks that cyprus could sell state assets in banks and gas reserves most likely to russian investors but at this point all of the hopes are being pinned on what's coming out of russia and if all of this fails here's an interesting twist to the story. the archbishop has said that we're happy to give the state all of our resources which would be at least 3 billion euros to help the economy. maybe a little bit of help from heaven. back over to you. >> the archbishop, this is something people should go look up this piece of the story. this is a fascinating piece. he's seen as this spiritual leader there who has been quite vocal. he's been out there talking saying let's get out of the euro and go back to the pound. do we have carolyn? can i briefly ask what it's like on the ground there? we understand that it may be several more days, not just thursday, before people can access their money in cyprus. >> absolutely. initial
around 15,000 and those below 100,000 would go tax free. on top of that, bond holders would have to be bailed in and there's talks that cyprus could sell state assets in banks and gas reserves most likely to russian investors but at this point all of the hopes are being pinned on what's coming out of russia and if all of this fails here's an interesting twist to the story. the archbishop has said that we're happy to give the state all of our resources which would be at least 3 billion euros to...
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right now since it's just rejected the bailout plan by brussels and the troika off to investors to tax private bank accounts in cyprus and frankly there aren't that many places to turn to right now for assistance to the cypriot finance minister is in moscow he's met with his russian counterpart and he's said that he's satisfied with the goal seasons but at the same time added that you know official offer has been made so far although there is speculation that cyprus is going to ask russia for a loan but we do know that the country already holds moscow two and a half billion year old this is for another loan which was given to the currency back in two thousand and eleven back then it exceeded ten percent of its g.d.p. and to help its economy stay afloat with the big question now is is cyprus going for broke is it going to ask russia for a complete bailout package but the big picture is angle and merkel is completely furious with cyprus even talking to moscow about this even though it's widely acknowledged that up to thirty percent of deposits on the site side had bank accounts belong to
right now since it's just rejected the bailout plan by brussels and the troika off to investors to tax private bank accounts in cyprus and frankly there aren't that many places to turn to right now for assistance to the cypriot finance minister is in moscow he's met with his russian counterpart and he's said that he's satisfied with the goal seasons but at the same time added that you know official offer has been made so far although there is speculation that cyprus is going to ask russia for a...
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from the edge of bankruptcy after nicosia rejects a european bailout offer sparked by an unprecedented tax on savers got the latest this hour. as russia's premier likens europe's handling of the bailout for bullet a china shop warning brussels antics could spark a new crisis. and other big stories of the day barack obama arrives in israel for the first time as u.s. president but they struggle to close the growing gap between the country's middle east policy. and russian and u.n. human rights officials sound the alarm over the treatment of prisoners at guantanamo bay is u.s. military officials trying to downplay a mass hunger strike at the detention center. good evening you've just joined us kevin live at the hour to new center tonight our top story the scenes of relief and indeed celebration greeted the cypriot parliament's rejection of attacks on bank deposits the one off levy linked to an e.u. bailout deal would have saved millions of account holders lose up to a tenth of the savings are being condemned by officials in the public alike but the country now finds itself of course on the br
from the edge of bankruptcy after nicosia rejects a european bailout offer sparked by an unprecedented tax on savers got the latest this hour. as russia's premier likens europe's handling of the bailout for bullet a china shop warning brussels antics could spark a new crisis. and other big stories of the day barack obama arrives in israel for the first time as u.s. president but they struggle to close the growing gap between the country's middle east policy. and russian and u.n. human rights...
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and california's raised his taxes 3%. so mickelback is considering moving out of california or even retiring altogether. i warned you that these tax hikes would cause our best and brightest to take their talents elsewhere. do you know what happens if phil mickelson isn't here to win those millions of dollars? someone else will! [laughter] is that suddenly okay?! [cheers and applause] luckily for guys like phil and me, there may soon be a new community where high earners are safe. and it's in the last place you'd think: detroit. sure, we all know the motor city has seen better days. like say, during the ice age. [laughter] but it's not all bad. take belle isle, a thousand-acre island and public park that many consider the jewel of detroit. it's no surprise, "belle" means "beautiful," and "isle" means "not connected to detroit." [laughter] [laughter] and now -- [laughter] [cheers and applause] and now, it's about to get better, thanks to libertarian real estate developer and doubly-named porn star rod lockwood who plans to
and california's raised his taxes 3%. so mickelback is considering moving out of california or even retiring altogether. i warned you that these tax hikes would cause our best and brightest to take their talents elsewhere. do you know what happens if phil mickelson isn't here to win those millions of dollars? someone else will! [laughter] is that suddenly okay?! [cheers and applause] luckily for guys like phil and me, there may soon be a new community where high earners are safe. and it's in...
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as you've just heard seems of relief from celebration greeted the cyprus parliament's rejection of a tax on bank deposits the one off levy linked to an e.u. bailout deal would have saved millions of account holders lose up to a tenth of the savings of being condemned by officials and the public alike but the country now of course finds itself on the brink of bankruptcy and having rejected the terms it may have to turn to russia for assistance can off has more. right now cyprus is in a very difficult position because it's rejected the proposal by the european union and the troika to tax private bank accounts and now frankly there are not many places for cyprus to turn for help and actually one of these places is russia and the site bid finance minister has been in the russian capital the entire day he's met with his russian counterpart and would be the first the deputy prime minister there is speculation that cyprus is asking russia for a loan so far the finance minister said that you are satisfied with the negotiations but no official offer has been made so far although he himself said h
as you've just heard seems of relief from celebration greeted the cyprus parliament's rejection of a tax on bank deposits the one off levy linked to an e.u. bailout deal would have saved millions of account holders lose up to a tenth of the savings of being condemned by officials and the public alike but the country now of course finds itself on the brink of bankruptcy and having rejected the terms it may have to turn to russia for assistance can off has more. right now cyprus is in a very...
SFGTV: San Francisco Government Television
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the taxes that the motorists would have been paying without the tax swap and the board of equalization approval. in fact, in many ways, the board of equalization approval is almost ministerial in effect and nobody knows what would happen if they had would rejected it. that has happened and the money generates 3.5 percent and the tax is an additional 3.5 cents per gallon which is 500 million a year and it is dedicated to local streets and roads and to the state, preservation program. additionally cap and trade continues to be a focus in the capitol. the cap and trade second round of options was conducted in february, and generated a goes total between the stationary source and utilities of about close to a quarter of a billion dollars and more than a quarter billion of dollars. the funds generated are returned to rate payers as rebates in the bills. and the funds derived from the stationary sources are the subject to an ongoing car. we will have a duty to come back in april with a proposed investment plan. there is a bit of a disconnect, the governor had presumed a billion dollars annua
the taxes that the motorists would have been paying without the tax swap and the board of equalization approval. in fact, in many ways, the board of equalization approval is almost ministerial in effect and nobody knows what would happen if they had would rejected it. that has happened and the money generates 3.5 percent and the tax is an additional 3.5 cents per gallon which is 500 million a year and it is dedicated to local streets and roads and to the state, preservation program....
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very difficult position because it's rejected the proposal by the european union and the troika to tax private bank accounts and now frankly there are not many places for cyprus to turn for help and actually one of these places is russia and the site that finance minister has been in the russian capital the entire day he's met with his russian counterpart and with the first deputy prime minister there is speculation that cyprus is asking russia for a loan so far the finance minister said that he was satisfied with the negotiations but no official offer has been made so far although he himself said he's not leaving moscow until an agreement is reached all of this is happening. while anger and anger a miracle being furious over cyprus talking to moscow about this all together since earlier she strongly advised the country not to even discuss the issue with anybody else but brussels or the troika and actually we know that the president personally told what he will put in about his country's problems decision to reject the european union's proposal and we also already know that cyprus alre
very difficult position because it's rejected the proposal by the european union and the troika to tax private bank accounts and now frankly there are not many places for cyprus to turn for help and actually one of these places is russia and the site that finance minister has been in the russian capital the entire day he's met with his russian counterpart and with the first deputy prime minister there is speculation that cyprus is asking russia for a loan so far the finance minister said that...
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life the art scene you center at night cypress says no to any bailout that would have meant to harsh tax old savers and pins its soap instead of striking a deal with russia we'll bring you up to speed on the latest. russian the un human rights officials sound the alarm over the treatment of prisoners at guantanamo bay as u.s. military officials try to downplay mass hunger strike at the detention center. barack obama arrives in israel for the first time as u.s. president but may struggle to close the growing gap between the country's middle east policies. and an iraqi terrorist group with links to al qaeda claims responsibility for bombings that killed dozens in baghdad further unsettle the country ten years on from the u.s. led invasion. all over again even she if you're just joining us my name is kevin and this is art international live from moscow our top story that you just heard scenes of relief from celebration greeted the cyprus parliament's rejection of a tax on bank deposits the one off levy linked to an e.u. bailout deal would have seen millions of account holders lose up to a t
life the art scene you center at night cypress says no to any bailout that would have meant to harsh tax old savers and pins its soap instead of striking a deal with russia we'll bring you up to speed on the latest. russian the un human rights officials sound the alarm over the treatment of prisoners at guantanamo bay as u.s. military officials try to downplay mass hunger strike at the detention center. barack obama arrives in israel for the first time as u.s. president but may struggle to...
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>> as mentioned before, tax time is coming up. if you have question wez have people who have answers. >> 7 on your side is here to help. everybody is taking questions right now. michael? >> i'm glad you're there. i'm glad you're helping as soon as we gave out a telephone number, all experts started -- their phones started ringing. we've got 153 and california society of enrolled agents. we have united way joining me. in the name of the program fofr low income folks is... >> what is it that you do? >> a joint pro secretary for -- project for the irs, linked to other organization that's do other things for low income people. >> you make sure they get every last dime and that they're treated well. >> tax return is the first thing z if they have money to save, which many low income people don't anything that can be done for them is done. >> and gempeople get a hold of you how? >> the united way web site. >> i can't tell you all of the great feed back we've received from that. let me give you the telephone number again. we'll be here u
>> as mentioned before, tax time is coming up. if you have question wez have people who have answers. >> 7 on your side is here to help. everybody is taking questions right now. michael? >> i'm glad you're there. i'm glad you're helping as soon as we gave out a telephone number, all experts started -- their phones started ringing. we've got 153 and california society of enrolled agents. we have united way joining me. in the name of the program fofr low income folks is......
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it said as part of tax reform don't raise taxes on middle income people to finance your tax breaks for folks at the very top. every republican voted no. so, yes, this plan that the gentleman has brought forward today, apparently under sort of a mock bipartisanship, will reduce the deficit in a balanced way. calls for a shared responsibility. and certainly does not give folks at the very top a tax break financed by middle income taxpayers like the republican proposal does. i reserve the balance of my time. the chair: the gentleman reserves the balance of his time. the gentleman from south carolina. mr. mulvaney: i'd like to yield two minutes to the gentleman from california, mr. campbell. the chair: the gentleman from california is recognized for two minutes. mr. campbell: thank you. i thank the gentleman from south carolina. thank you, mr. chairman. sometimes, mr. chairman, you live in a neighborhood, you look down the street, and there is a neighbor there. and they got new cars and they are remodeling the kitchen and they take a lot of expensive vacations. you look down the street and
it said as part of tax reform don't raise taxes on middle income people to finance your tax breaks for folks at the very top. every republican voted no. so, yes, this plan that the gentleman has brought forward today, apparently under sort of a mock bipartisanship, will reduce the deficit in a balanced way. calls for a shared responsibility. and certainly does not give folks at the very top a tax break financed by middle income taxpayers like the republican proposal does. i reserve the balance...
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Mar 20, 2013
03/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ melissa: so we heard the "money" power panel. want to bring in somebody who knows a thing to about big business in this economy. the ceo of landreau stock company that includes the dining entertainment, gaming, and hospitality sectors. he is an industry titan, and he is here with me now. great to have you back on the show. you are reopening one of your restaurants. you are clearly expanding. you must have some confidence and was going on. >> we continne to grow. gaming, hospitality, restaurants . i do have confidence in our great american capitalism economy. at the same time, it is not backward was a few years ago. we live in a great economy. as you can see, restaurants are busy, h
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ melissa: so we heard the "money" power panel. want to bring in somebody who knows a thing to about big business in this economy. the ceo of landreau...
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edge of bankruptcy after because see it rejects a european and that often spiked by an unprecedented tax on savers to put the latest. like a bull in a china shop but so russian president dmitri medvedev destroyed the bailout tax i think that the plan was nothing less than the soviet expropriation of property. russia the e.u. and human rights officials sound the alarm over the treatment of prisoners in guantanamo bay u.s. military officials try to downplay a mass hunger strike in the detention center. and barack obama arrives in israel for the first time as u.s. president but may struggle to close the growing gap between the country's middle east policy it's. very good even if you just joined us is kevin over here live the r.t. new center tonight our top story the scenes overleaf and celebration greeted the cypriot parliament's rejection of that tax on bank deposits the one off levy linked to an e.u. bailout deal would have seen millions of account holders lose up to a tenth of the savings had been condemned by officials in the public alike but the country of course now finds itself on th
edge of bankruptcy after because see it rejects a european and that often spiked by an unprecedented tax on savers to put the latest. like a bull in a china shop but so russian president dmitri medvedev destroyed the bailout tax i think that the plan was nothing less than the soviet expropriation of property. russia the e.u. and human rights officials sound the alarm over the treatment of prisoners in guantanamo bay u.s. military officials try to downplay a mass hunger strike in the detention...
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Mar 20, 2013
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they paid their taxes based on the law at the time. but the state appeals court ruled the tax break provision requiring companies maintain 80 percent of the work force in california was unconstitutional. the state franchise tax board responded by suspending the break and ordering any one who claimed it in the last five years owe up he owes more than 6 figures now and it could cause significant financial hardship for people who should be working on their businesses instead of spending time fighting this. law americas from both sides of the aisle agree and want to force them to skrab the tax bill. it is also reviewing the situation to determine how best to help these business owners given the court's decision. >>> thank you, diane. it is quarter to the top of the hour. still ahead, spring starts today and with that comes allergy season and just because you didn't have allergies as a child doesn't mean you can't suffer now. doctor seigel is in next. >>> a school bus driver behind the wheel of an empty bus gets a surprise call from her son
they paid their taxes based on the law at the time. but the state appeals court ruled the tax break provision requiring companies maintain 80 percent of the work force in california was unconstitutional. the state franchise tax board responded by suspending the break and ordering any one who claimed it in the last five years owe up he owes more than 6 figures now and it could cause significant financial hardship for people who should be working on their businesses instead of spending time...
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Mar 20, 2013
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cyprus' parliment rejected a european bailout that would've been paid for by taxing ordinary citizens' bank accounts. what now? cyprus' parliment could vote again; europe could restructure the deal, giving cyprus more flexible terms; or cyprus could ask russia for cash in exchange for russian access to the mediterranean island's gas reserves. "i think this is telling us something. it's telling us that germany is out of patience and isn't going to be bailing out any more countries at this time." until now, russia hasn't been an option widely considered by europe's other countries in financial trouble. but cyprus' finance minister headed there tuesday for talks. already, russia loans billions of dollars to companies on cyprus. russians, who like the tax haven cyprus provides, account for up to half of all bank accounts there - the black market reportedly making up an undisclosed amount. "this is going to turn into a showdown of who blinks first. it's a corrupt banking system. how do you pay out 5% when you have interest rates near zero?" so far, europe's finance ministers' reaction to t
cyprus' parliment rejected a european bailout that would've been paid for by taxing ordinary citizens' bank accounts. what now? cyprus' parliment could vote again; europe could restructure the deal, giving cyprus more flexible terms; or cyprus could ask russia for cash in exchange for russian access to the mediterranean island's gas reserves. "i think this is telling us something. it's telling us that germany is out of patience and isn't going to be bailing out any more countries at this...
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it's the right thing to do. >> neil: we raised taxes. >> i didn't say raise taxes, i said close loopholes. republicans call closing loopholes raising taxes because it's the rich that have unfair practice. >> neil: have you filled out your brackets? yes or no. have you filled out your brackets? >> no, i haven't done that. i'm going to leave that to the president. he may be late on that too. >> neil: i'm sorry. thank you very much. >> thank you, neil. >> neil: do you remember this? an interview i said senator paul and senator cruz were whacko birds. that's inappropriate and i apologize to them for saying that. >> neil: after that, senator cruz accepted that apology. is senator rand paul about to do the same? and as nevada mourns the death of seven marines, did their senator blame the sequester? meet the military commander telling harry to say i'm sorry. [ male announcer ] it's relobster's lobsterfest our largest selection of lobster erees, like lobster lover's dream or new grilledobster and lobster tacos. come in now and sea food differently. visit redlobster.com now for an exclusive $10 co
it's the right thing to do. >> neil: we raised taxes. >> i didn't say raise taxes, i said close loopholes. republicans call closing loopholes raising taxes because it's the rich that have unfair practice. >> neil: have you filled out your brackets? yes or no. have you filled out your brackets? >> no, i haven't done that. i'm going to leave that to the president. he may be late on that too. >> neil: i'm sorry. thank you very much. >> thank you, neil. >>...
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but taxing people's bank accounts proved unpopular, even when the provision was added to shield small savers. banks across cyprus will remain closed until thursday to avoid a run on cash. uncertainty about the cyprus situation set markets around the world and on wall street on edge. the dow jones industrial average
but taxing people's bank accounts proved unpopular, even when the provision was added to shield small savers. banks across cyprus will remain closed until thursday to avoid a run on cash. uncertainty about the cyprus situation set markets around the world and on wall street on edge. the dow jones industrial average
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he despite the taxes. the economies in europe, particularly we're talking now about spain and italy, have been beaten down by the austerity programs. we, but we see them coming back slowly but surely in the second half. and fourt fourth and, the -- 2014 and equity markets tend to look ahead six months or so for those developments. david: let's hope it happens. bill, great to see you. thank you very much have. appreciate you coming in. >> okay. lauren: budget proposals everywhere but no deal in sight as the clock continues to tick. congress has one week left to come to a compromise and avert a government shutdown. we're live on capitol hill with the very latest. [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just stay alive... but feel alive. the c-class is no exception. it's a mercedes-benz, through and through. see your authorized mercedes-benz aler for exceptional offers through mercedes-benz financial services. lauren: the h
he despite the taxes. the economies in europe, particularly we're talking now about spain and italy, have been beaten down by the austerity programs. we, but we see them coming back slowly but surely in the second half. and fourt fourth and, the -- 2014 and equity markets tend to look ahead six months or so for those developments. david: let's hope it happens. bill, great to see you. thank you very much have. appreciate you coming in. >> okay. lauren: budget proposals everywhere but no...
SFGTV: San Francisco Government Television
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Mar 20, 2013
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the sales tax is now bringing in about $800 million. so now i'm going to talk about those documents. the plan, i mentioned it named specific projects. basically what it does is it determines eligibility for funds and says project x can receive a make minimum of this much over a 30 year life of expenditure plan. there is a bunch of other requirements. up here on the screen you can see the eligible projects sponsors. in some cases projects come with a specific sponsor like the subway, the project, in cases we have projects like bicycle circulation and we have mta and cal trans and bart. one things i will note for the community is that unlike the predecessor program, the operators and if we have money on the table, the authority has more influences from in shaping those projects. within the expenditure plan, a number of requirements to which are their needs to be developed and adopted by the authority board. also for all of the programmatic categories. these are non-specific categories, circulation safety. each of those have developed a 5
the sales tax is now bringing in about $800 million. so now i'm going to talk about those documents. the plan, i mentioned it named specific projects. basically what it does is it determines eligibility for funds and says project x can receive a make minimum of this much over a 30 year life of expenditure plan. there is a bunch of other requirements. up here on the screen you can see the eligible projects sponsors. in some cases projects come with a specific sponsor like the subway, the...
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you don't know and you shouldn't know because it was about taxes. >> of course it was about taxes. unregulated capitalism. >> bill: unbelievable the correlations between what was happening in galilee and what the romans were doing to the jews back when jesus was walking around and what's happening now. i'm just going to give you a heads up. that this is coming. and the taxation was so onerous on the folks. for a totally different reason, i will concede. that the romans were venal. >> thank you. >> bill: they wanted this money to build their terms and to live a crazy lifestyle. but it was philosophically the same kind of government intrusion that we the people of america have no right to private property. and that's what castro does. chavez does. and that's where these congressional caucus people are headed. >> do you read the fox news version of the bible? come on, man. jesus turned over tables in the temple. he was worried about profit making. excessive wealth gathering. >> bill: i will deal with that hill, you know what you? are not accurate in what you just said. i'm not going t
you don't know and you shouldn't know because it was about taxes. >> of course it was about taxes. unregulated capitalism. >> bill: unbelievable the correlations between what was happening in galilee and what the romans were doing to the jews back when jesus was walking around and what's happening now. i'm just going to give you a heads up. that this is coming. and the taxation was so onerous on the folks. for a totally different reason, i will concede. that the romans were venal....
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Mar 20, 2013
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> welcome >>> welcome back to "squawk box." the futures right now are moving around a little. up about 87 points, which would get back some of the problems we had on monday and tuesday. is today wednesday? >> today is wednesday. first day of spring. >> 7:02, awesome. winter went fast. >> didn't it? >> we have the music too. >> we do. >> the weather -- the winter weather's not over yet. sorry to say. >> you heard what i told you. >> yeah. >> you think it's global warming. >> global warming. >> because it's cold. it must be global warming. >> real estate company just out -- >> going against the religion, get in trouble with who? the "new york times." go ahead. >> just out with the wint
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> welcome >>> welcome back to "squawk box." the futures right now are moving around a little. up about 87 points, which would get back...
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solve the financial crisis of cyprus it is really a big question here so the controversial deposit tax has been rejected by cyprus but has crossed the red line in proposing the idea that is the view of nigel ferrars a u.k. independence party things brussels has sent a strong signal to the people of europe. even in my diaries predictions in this parliament over the years about the way the e.u. bosses were behaving never did i think they would in a completely unprecedented manner resort to stealing money from people's bank accounts and the message that sends to people who got savings in banks in most countries certainly if i was there is get your money out while you can do not invest anywhere in the euro zone you've got to be mad to do so because it's now run by people who don't respect democracy who don't respect the rule of law who don't respect the basic principles upon which western civilization is supposed to be based by our propping up a euro zone which in the end is going to collapse in disastrous failure are they are prepared to do anything to do so i think that this decision thi
solve the financial crisis of cyprus it is really a big question here so the controversial deposit tax has been rejected by cyprus but has crossed the red line in proposing the idea that is the view of nigel ferrars a u.k. independence party things brussels has sent a strong signal to the people of europe. even in my diaries predictions in this parliament over the years about the way the e.u. bosses were behaving never did i think they would in a completely unprecedented manner resort to...
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is applying a levy on depositors the answer to this small islands financial woes or is it a means to tax russians using cyprus as a legal tax haven and most importantly can europeans trust their banks anymore. to cross the cyprus financial crisis i'm joined by michael burke in london he is an economic consultant and a former senior international economist with citi bank and in washington we cross the shares and raymond she is a professor of international finance and director of the european union research center at george washington university all right crosstalk rules in fact that means you can jump in anytime you want when you go to washington first you said this is moral hazard this is what's going on in cyprus right now can you explain that please. sure sure the you know this is unprecedented what is happening right now in a financial crisis the one the one entity you protect are always a small savers and they're getting hit this time so most the small savers will be hit by a six point seven five percent tax and exchange they'll be given shares of that very bank and if that's not mor
is applying a levy on depositors the answer to this small islands financial woes or is it a means to tax russians using cyprus as a legal tax haven and most importantly can europeans trust their banks anymore. to cross the cyprus financial crisis i'm joined by michael burke in london he is an economic consultant and a former senior international economist with citi bank and in washington we cross the shares and raymond she is a professor of international finance and director of the european...
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but sources say they can't afford to waive the hotel tax. hotel managers meantime say temporarily waiving the tax won't affect their bottom line. >> the exposure we will get here during the super bowl event will more than make up for anything that is lost. >> by exempting the rooms left to nfl employees and nfl workers they would be exempt to the tax on those rooms and that money would not be paid. >> reporter: some worry about what santa clara is is conceding in order to win this bid. but the majority of those here tonight couldn't be happier with the possibility of hosting a super bowl. >> i support the super bowl in santa clara because we know the best is in the west. >> reporter: and reps will take the city's bid and it in person to the nfl may 21st. live in santa clara, lisa amin gulezian, abc7 news. >> lisa, thank you. sky 7hd gives you a bird's eye view of construction on the stadium. thisy are also working on the largest wi-fi network of any stadium in the country. two facebook veterans are constructing a network capable of simultane
but sources say they can't afford to waive the hotel tax. hotel managers meantime say temporarily waiving the tax won't affect their bottom line. >> the exposure we will get here during the super bowl event will more than make up for anything that is lost. >> by exempting the rooms left to nfl employees and nfl workers they would be exempt to the tax on those rooms and that money would not be paid. >> reporter: some worry about what santa clara is is conceding in order to win...
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but sources say they can't afford to waive the hotel tax. hotel managers meantime say temporarily waiving the tax won't affect their bottom line. >> the exposure we will get here during the super bowl event will more than make up for anything that is lost. >> by exempting the rooms left to nfl employees and nfl workers they would be exempt to the tax on those rooms and that money would not be paid. >> reporter: some worry about what santa clara is is conceding in order to win this bid. but the majority of those here tonight couldn't be happier with the possibility of hosting a super bowl. >> i support the super bowl in santa clara because we know the best is in the west. >> reporter: and reps will take the city's bid and pitch it in person to the nfl may 21st. live in santa clara, lisa amin gulezian, abc7 news. >> lisa, thank you. sky 7hd gives you a bird's eye view of construction on the stadium. thisy are also working on the largest wi-fi network of any stadium in the country. two facebook veterans are constructing a network capable of sim
but sources say they can't afford to waive the hotel tax. hotel managers meantime say temporarily waiving the tax won't affect their bottom line. >> the exposure we will get here during the super bowl event will more than make up for anything that is lost. >> by exempting the rooms left to nfl employees and nfl workers they would be exempt to the tax on those rooms and that money would not be paid. >> reporter: some worry about what santa clara is is conceding in order to win...
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. >> but no tax increases. >> no tax increases. the president already got $650 billion worth of tax increases january 1st. he got a trillion dollars worth of tax increases in obama care. this year the federal government will bring in more revenue than any year in our history and yet we're still going to have a trillion dollars budget deficit. spending is the problem. >> the white house says in response, yes, it's true. taxes went up more than $600 billion over ten years at the end of the year but it is also true the white house put $1.5 trillion worth of spending cuts in their budget. the truth is you're both right. i mean, they have offered spending cuts. the taxes did go up. it still hasn't made enough of a dent. you still have to sit down and do something. >> right. i think we're doing our budget this year. actually we're doing it this week here in the house. our budget will balance in ten years. we're going to pass our budget. hopefully the senate will pass their budget. except their budget never comes to balance. the president
. >> but no tax increases. >> no tax increases. the president already got $650 billion worth of tax increases january 1st. he got a trillion dollars worth of tax increases in obama care. this year the federal government will bring in more revenue than any year in our history and yet we're still going to have a trillion dollars budget deficit. spending is the problem. >> the white house says in response, yes, it's true. taxes went up more than $600 billion over ten years at the...
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i did your taxes. i thought you were a tax expert? announcer: major tax stores advertise for preparers with no tax experience necessary. at turbotax, you only get answers from cpas, eas or tax attorneys. current events. comfortable temperature. biceps. he maintains everything for your pleasure. he has the nicest car you can think of, but longer. with one hand he can roll down 10 windows plus the partition. everything he does, tacks right off. and of course he dines upon the liquid gold of velveeta shells and cheese. end of story. liquid gold. eat like that guy you know. but first you've got to get him to say, "hello." new crest 3d white arctic fresh toothpaste. use it with these 3d white products, and whiten your teeth in just 2 days. new crest 3d white toothpaste. life opens up when you do. newi had[ designer ]eelingste. enough of just covering up my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may not work for eve
i did your taxes. i thought you were a tax expert? announcer: major tax stores advertise for preparers with no tax experience necessary. at turbotax, you only get answers from cpas, eas or tax attorneys. current events. comfortable temperature. biceps. he maintains everything for your pleasure. he has the nicest car you can think of, but longer. with one hand he can roll down 10 windows plus the partition. everything he does, tacks right off. and of course he dines upon the liquid gold of...
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announcer: major tax stores advertise for preparers with no tax experience necessary. at turbotax, you only get answers from cpas, eas or tax attorneys. went home and fed her family. now she's helping her community. no wonder it's hard to focus on her own needs. but she's got one a day women's, a complete multivitamin with key nutrients women may need all in one pill. because our focus is you. >>> it's time for today's style. an affordable easter fashion for the whole family. >> before you head out to pick up the bonnets and clip-on ties, you want to check out the spring trends. >> amy goodman is the author of "wear this, toss that" is here with some adorable models. >> gorgeous models with truly affordable styles. plenty of time to get your fashion before easter. here's how to get it on in a fashionable way. >> we're going to get started with our '60s sweeties, we have two little adorable girls coming out. olivia and fiona. >> with these great pops of patterns, which are very much 1960s style. in addition to having lots of neon incorporated. i want to say for those fa
announcer: major tax stores advertise for preparers with no tax experience necessary. at turbotax, you only get answers from cpas, eas or tax attorneys. went home and fed her family. now she's helping her community. no wonder it's hard to focus on her own needs. but she's got one a day women's, a complete multivitamin with key nutrients women may need all in one pill. because our focus is you. >>> it's time for today's style. an affordable easter fashion for the whole family. >>...
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it does tax reform. it's got a tax reform, revenue-neutral tax reform. but you still consider it a serious document. >> i consider it an absolutely serious document, because it's very honest about what it does. it says these are the numbers and these are the policies that prove those number. >> i would be happy if patty muralies has the same bottom-line numbers if she was transparent how she got there. there's so many gimmicks as a former cbo guy, it makes me cringe. i respect people like the progressive budget. if you want to spend more, i think you're in wrong, but be honest about it. >> paul ryan's budget doesn't really get to the detail of how he would make his cuts. >> and it's full of gimmickry. >> paul ryan's budget does more from a budget point of view than is necessary. he describes the policies that are in there. it's a fair defense on both sides that these are budget documents, and god forgive the budget community do what the ways and means committee -- we don't need that food fight. i get that. they've laid out three times in the house what t
it does tax reform. it's got a tax reform, revenue-neutral tax reform. but you still consider it a serious document. >> i consider it an absolutely serious document, because it's very honest about what it does. it says these are the numbers and these are the policies that prove those number. >> i would be happy if patty muralies has the same bottom-line numbers if she was transparent how she got there. there's so many gimmicks as a former cbo guy, it makes me cringe. i respect...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. prego?! but i've bought ragu for years. [ thinking ] wonder what other questionable choices i've made? i choose date number 2! whooo! [ sigh of relief ] [ male announcer ] choose taste. choose prego. [ sigh of relief ] the words are going this way-there's no way. oh, the lights came on. isn't technology supposed to make life easier? at chase we're pioneering innovations that make banking simple. deposit a check with a photo. pay someone with an email. and bank seamlessly with our award-winning mobile app. take a step forward... and chase what matters. taking a look at some of the pictures after the storm hit, the electrical system is devastated. even the ferry dock was damaged. more th
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. prego?! but i've bought ragu for years. [ thinking ] wonder what other questionable choices i've made? i choose date number 2! whooo! [ sigh of relief ] [ male...
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but sources say they can't afford to waive the hotel tax. hotel managers meantime say temporarily waiving the tax won't affect their bottom line. >> the exposure we will get here during the super bowl event will more than make up for anything that is lost. >> by exempting the rooms left to nfl employees and nfl workers they would be exempt to the tax on those rooms and that money would not be paid. >> reporter: some worry about what santa clara is is conceding in order to win this bid. but the majority of those here tonight couldn't be happier with the possibility of hosting a super bowl. >> i support the super bowl in santa clara because we know the best is in the >> reporter: and reps will take the city's bid and pitch it in person to the nfl may 21st. live in santa clara, lisa amin gulezian, abc7 news. >> lisa, thank you. sky 7hd gives you a bird's eye view of construction on the stadium. thisy are also working on the largest wi-fi network of any stadium in the country. two facebook veterans are constructing a network capable of simultane
but sources say they can't afford to waive the hotel tax. hotel managers meantime say temporarily waiving the tax won't affect their bottom line. >> the exposure we will get here during the super bowl event will more than make up for anything that is lost. >> by exempting the rooms left to nfl employees and nfl workers they would be exempt to the tax on those rooms and that money would not be paid. >> reporter: some worry about what santa clara is is conceding in order to win...